Latest news with #TorrentPowerLtd
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Business Standard
7 days ago
- Business
- Business Standard
Torrent Power up 2% on signing long-term SPA with BP Singapore Pte; details
Torrent Power share price: Torrent Power share price rose as much as 2.04 per cent to hit an intraday high of ₹1,425 per share on Tuesday, June 3, 2025. At 10:02 AM, Torrent Power share price was trading 1.36 per cent higher at ₹1,415.40 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 81,052.57 levels. Why did Torrent Power share price rise in trade today? Shares of Torrent Power Ltd rose in trade today after the company announced a long-term Sales and Purchase Agreement (SPA) with BP Singapore Pte. Limited, a subsidiary of global energy major bp, for the supply of up to 0.41 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG). Under the agreement, LNG supply will commence from 2027 and continue through 2036, and will be used to fuel Torrent's 2,730 MW gas-based power plants to support India's increasing power demand, peak load requirements, and renewable energy balancing. The supply will also meet the growing gas requirements of Torrent Gas Ltd, the group's city gas distribution (CGD) business, which services households, commercial and industrial customers, and CNG vehicles, the company said, in a statement. The move is seen as a strategic step toward boosting energy security and supporting India's target of increasing the share of natural gas in the energy mix to 15 per cent by 2030. Torrent Power also plans to leverage the current softness in LNG prices to explore additional medium- and long-term procurement opportunities. Torrent Power dividend record rate Torrent Power also informed that it has fixed June 6, 2025, as the record date for determining eligibility for its final dividend of ₹5 per share for the financial year ended March 31, 2025 (FY25). The dividend will be paid upon approval by shareholders at the upcoming Annual General Meeting. About Torrent Power Torrent Power is an integrated power utility of the ₹45,000 crore Torrent Group, with operations spanning generation, transmission, and distribution. The company has an installed generation capacity of 4,838 MW, including 2,730 MW gas-based, 1,746 MW renewable, and 362 MW coal-based capacity. It is currently developing 3,154 MW of renewable projects and 3,000 MW of pump storage capacity, which will raise the total generation capacity to 7,992 MW. On the distribution side, Torrent Power serves over 4.21 million customers across multiple regions, including Gujarat, Maharashtra, Uttar Pradesh, and the Union Territories of Dadra and Nagar Haveli and Daman and Diu. The company is recognised for having among the lowest AT&C losses and highest reliability indices in the country.
Time of India
02-06-2025
- Business
- Time of India
Torrent Power to buy LNG from BP Singapore
Ahmedabad-based Torrent Power Ltd has signed an agreement to buy up to 0.41 million tonnes per annum of LNG from BP Singapore for 10 years starting 2027, the company said on Monday. Torrent will use the liquefied natural gas (LNG) to generate electricity at its 2,730 megawatt gas-based power plants as well as city gas demand, it said in a statement. "Torrent Power Ltd (TPL) has signed a long-term sales and purchase agreement (SPA) with BP Singapore Pte Limited, a subsidiary of global integrated energy company bp, for supply of up to 0.41 million tonnes per annum of LNG from 2027 to 2036," it said. The LNG procured under this agreement will be strategically utilised by TPL, including to operate its 2,730 MW combined cycle gas-based power plants (GBPPs) in India to meet the country's rising power demand, peak demand periods' support, and balancing the renewables. It will also support the Torrent Group's city gas distribution (CGD) arm - Torrent Gas Ltd's (TGL), growing requirement of LNG to ensure a reliable supply of gas for households, commercial and industrial consumers and CNG vehicles. "This agreement represents a significant strategic move, reaffirming Torrent's commitment for clean energy , securing competitively priced LNG for long-term power generation and gas distribution, and contributes to the Government of India's goal of increasing natural gas' share in the energy mix to 15 per cent by 2030 as well as strengthening India's energy security," the statement said. Taking advantage of softness in LNG prices, TPL, along with TGL, further intends to explore medium- and long-term LNG procurement in response to the growing demand from its GBPPs and CGD networks, respectively, aiming to enhance its portfolio diversity and reliably meet energy supply needs of customers. Torrent Power, the ₹29,165-crore integrated power utility of about ₹45,000 crore Torrent Group, has an aggregate installed generation capacity of 4,838 MW comprising 2,730 MW of gas-based capacity, 1,746 MW of renewable capacity and 362 MW of coal-based capacity. Further, renewable projects of 3,154 MW and pump storage capacity of 3,000 MW are under development. Total generation and pump storage capacity, including projects under development is 7,992 MW and 3,000 MW, respectively.
Business Standard
08-05-2025
- Business
- Business Standard
UPL Ltd Partly Paidup leads losers in 'A' group
CCL Products (India) Ltd, Torrent Power Ltd, Devyani International Ltd and Cartrade Tech Ltd are among the other losers in the BSE's 'A' group today, 08 May 2025. CCL Products (India) Ltd, Torrent Power Ltd, Devyani International Ltd and Cartrade Tech Ltd are among the other losers in the BSE's 'A' group today, 08 May 2025. UPL Ltd Partly Paidup crashed 4.77% to Rs 442.95 at 14:47 stock was the biggest loser in the BSE's 'A' the BSE, 421 shares were traded on the counter so far as against the average daily volumes of 3343 shares in the past one month. CCL Products (India) Ltd lost 4.76% to Rs 739.1. The stock was the second biggest loser in 'A' the BSE, 3.03 lakh shares were traded on the counter so far as against the average daily volumes of 82659 shares in the past one month. Torrent Power Ltd tumbled 4.74% to Rs 1432. The stock was the third biggest loser in 'A' the BSE, 10697 shares were traded on the counter so far as against the average daily volumes of 11002 shares in the past one month. Devyani International Ltd fell 4.70% to Rs 174.35. The stock was the fourth biggest loser in 'A' the BSE, 71852 shares were traded on the counter so far as against the average daily volumes of 98580 shares in the past one month. Cartrade Tech Ltd dropped 4.45% to Rs 1598.65. The stock was the fifth biggest loser in 'A' the BSE, 20233 shares were traded on the counter so far as against the average daily volumes of 25383 shares in the past one month.
